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Credit Cards and Credit Card Ratings

Submitted by Danny Gamache on September 2, 2007 - 07:22.

Thanks for your post. It is an important idea for people struggling with how to use their credit cards.

I think the credit card companies have made major inroads, especially with young people, by creating the perception that having a credit card is the best way to establish your credit rating.

Certainly making small purchases and paying it off immediately can help establish a good credit card rating, however too many people run into credit card problems. So while they are establishing a credit rating, it is not the type of rating they are hoping for.

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